For maximum effectiveness, economic appraisal should be a joint activity between workers (or their representatives), OSH specialists, financial experts and decision-makers.
• Determine the target audience for the economic appraisal, and consider how they will use
the results.
• Define the problem or question to be analysed (e.g. yearly analysis of OSH costs or
cost–benefit analysis of a specific safety investment).
• Describe the intervention strategies to be evaluated, including the ‘no action’ alternative for
comparison.
• Identify the perspective of the analysis. It is perfectly acceptable for the analysis to be
conducted from the perspective of the employer, but this must be clearly communicated in the report.
For maximum effectiveness, economic appraisal should be a joint activity between workers (or their representatives), OSH specialists, financial experts and decision-makers.• Determine the target audience for the economic appraisal, and consider how they will usethe results.• Define the problem or question to be analysed (e.g. yearly analysis of OSH costs orcost–benefit analysis of a specific safety investment).• Describe the intervention strategies to be evaluated, including the ‘no action’ alternative forcomparison.• Identify the perspective of the analysis. It is perfectly acceptable for the analysis to beconducted from the perspective of the employer, but this must be clearly communicated in the report.
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